Trading activity in the ammonia market was mostly limited to contract business this week. India's long-term contract cargoes have been priced at $250-251.36/mt CFR this week for a total of nearly 30,000 mt with AG suppliers. Qafco is to supply 10,000 mt to MCFL and Zuari while Mitsui is to supply 19,000 mt of Iranian ammonia to Coromandal and GFCL under their long-term agreements for a return at $220/mt FOB. KIT/Dubai is scheduled to ship a cargo of 17-20,000 mt of ammonia ex-Al Jubail to IFFCO for arrival at Kandla and/or Paradip around March 9-13.
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